Author Question: When long-run average cost decreases as output increases there are definitely A) increasing ... (Read 43 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
When long-run average cost decreases as output increases there are definitely
 
  A) increasing marginal returns.
  B) economies of scale.
  C) Both answers A and B are correct.
  D) Neither answer A nor B is correct.

Question 2

All of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits EXCEPT
 
  A) vouchers.
  B) private subsidies.
  C) marketable permits.
  D) public provision.



sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library